Markets have been pricing in a possible rate cut from the #ecb as early as March 2024. However, recent comments from ECB members have indicated that #rate #cuts may only begin in the summer months (mid-2024).
The #eurusd has just broken lower from a bearish flag pattern, signaling possible further #downside. However, this potential move is likely to still be highly dependent on the overall volatility of the #dxy
#forex #fx #market #analysis #bearish #flag #pattern
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